Travel – Page 550

The most recent issue of the British magazine, The Economist, anticipates a further decline in the value of the peso. By year’s end, dollar would cost DR$16.65 and, due to further erosion, the peso would finish 2001 at DR$18.39, and 2002 at DR$18.90. The variations, if realized, represent a cumulative devaluation of 14.75%. The official …

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The Director the XIV Pan American Games, Bienvenido Solano, announced that President Hipolito Mejia has authorized the construction of the Pan Am Village for November 30. Solano made his remarks at a meeting of the Games organizing committee, the country’s Olympic Committee, and representatives of the nation’s sports federations, convened yesterday in a Santo Domingo …

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Writing in Listin Diario, analyst Rafael Tomas Jaime, foresees a slow, inevitable decline in the value of the peso due to the fiscal imbalance caused by the outflow of reserves to pay for petroleum. In September, the first full month following the increase in petroleum-derived products, the Central Bank noted only a DR$3.5 million increase …

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Dominican hoop star, Luis Felipe Lopez started for the Washington Wizards last night in their season opener with the Orlando Magics. No Hispanic has ever played in the NBA season opener before. Lopez scored 16, which was not enough to forestall the Wizards defeat 97-86. Lopez told reporters that he attached no importance to his …

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The Dominican home-run king, Sammy Sosa, met with President Hipolito Mejia yesterday in the President?s office in the National Palace. Following the meeting, which lasted some forty minutes, Sosa answered reporters? questions and announced that he had told the President he was willing to participate in a publicity campaign in support of Dominican tourism. Sosa …

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